Suzlon Energy vs Inox Wind: Investor confidence in India’s renewable energy sector is strengthening once again, and two of the stock market’s biggest names—Suzlon Energy and Inox Wind—are leading this surge. Following a challenging period marked by significant market volatility, both these stocks have staged a remarkable comeback over the past month. This has served as a timely reminder to long-term investors as to why these companies were initially accorded ‘multibagger’ status.
Suzlon Energy Recent Rally
In just one month, Suzlon Energy has surged nearly 40%, while Inox Wind is not far behind, posting gains of approximately 33%. These are no minor fluctuations; rather, they signal heightened buyer interest at a time when many other stocks are still struggling to find their direction. The share prices of both companies had been under pressure in the short to medium term, but the recent rally suggests that the market is once again beginning to value their strong fundamentals.
Long-Term Returns
Investors who have patiently held onto these stocks have reaped tremendous rewards. Suzlon Energy has delivered spectacular returns of 368% over three years and 1,159% over five years, making it one of the highest-yielding investments in the Indian stock market. While Inox Wind’s performance may not have been quite as explosive, it still delivered returns of 287% over three years and 430% over five years—figures that very few sectors can consistently match.
JM Financial on Suzlon Energy
JM Financial has assigned a ‘Buy’ rating to Suzlon Energy, setting a target price of ₹64. Their outlook for the current quarter remains notably bullish. The brokerage estimates that the company’s revenue will increase by 50.6% year-on-year, reaching ₹5,708 crore. Meanwhile, EBITDA is projected to rise by 54% year-on-year, reaching ₹1,068 crore. Net profit is estimated to grow by 52.8% year-on-year, potentially reaching ₹888.7 crore. This would mark Suzlon’s strongest quarterly performance in its recent history.
Systematix Institutional Equities Views
Systematix Institutional Equities has also maintained a ‘Buy’ rating on Suzlon, though with a slightly higher target price of ₹67. It expects total revenue in Q4FY26 to surge 43% year-on-year to ₹5,250 crore, driven primarily by the execution of 820 MW worth of orders during the quarter. The brokerage firm projects that the EBITDA margin will stand at 20.2% and notes that Suzlon’s current order book has now expanded to approximately 6,011 MW, following the receipt of 2,522 MW in new orders in FY26 alone. For Inox Wind, Systematix forecasts a 32% increase in revenue, bringing the total to ₹1,680 crore; additionally, it expects the EBITDA margin for the quarter to hover around 20%, with the company’s current order book standing at 2,656 MW.
Suzlon Energy vs Inox Wind Share Price
Suzlon Energy recently closed at ₹55.65, down approximately 1.94% from the previous session; its market capitalization stands at ₹76,325 crore. The stock has a Beta of 1.39, implying that it tends to fluctuate with greater volatility—both upward and downward—compared to the broader market. However, it is currently trading above most of its key moving averages—which is a positive signal from a technical perspective. Inox Wind closed at ₹100.89, registering a decline of 1.27%; its market capitalization stands at ₹17,436 crore, and its Beta is 1.71, indicating that its share prices may experience heightened volatility. Although it is trading below certain long-term moving averages, the near-term technical outlook for Inox Wind remains largely positive.